Kepler Capital Markets Cuts easyJet plc (EZJ) Price Target to GBX 866
easyJet plc (LON:EZJ) had its target price decreased by stock analysts at Kepler Capital Markets from GBX 965 ($12.60) to GBX 866 ($11.30) in a research note issued on Friday. The brokerage currently has a “reduce” rating on the stock. Kepler Capital Markets’ target price would suggest a potential downside of 7.23% from the company’s previous close.
Several other research firms have also recently commented on EZJ. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 1,520 ($19.84) price target on shares of easyJet plc in a report on Monday, July 25th. HSBC reaffirmed a “reduce” rating on shares of easyJet plc in a report on Tuesday, September 20th. Macquarie reaffirmed an “outperform” rating and issued a GBX 1,275 ($16.64) price target on shares of easyJet plc in a report on Friday, September 30th. Liberum Capital reaffirmed a “sell” rating on shares of easyJet plc in a report on Tuesday, September 6th. Finally, Beaufort Securities raised easyJet plc to a “buy” rating in a report on Friday, August 5th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 1,482.42 ($19.35).
Shares of easyJet plc (LON:EZJ) opened at 933.50 on Friday. easyJet plc has a one year low of GBX 913.50 and a one year high of GBX 1,809.00. The firm has a 50 day moving average price of GBX 1,078.65 and a 200 day moving average price of GBX 1,270.21. The stock’s market capitalization is GBX 3.68 billion.
In related news, insider Brocklesby,Chris sold 2,294 shares of easyJet plc stock in a transaction on Friday, September 9th. The stock was sold at an average price of GBX 1,193 ($15.57), for a total value of £27,367.42 ($35,723.04). Also, insider Bierwirth,Andreas bought 1,480 shares of the firm’s stock in a transaction that occurred on Wednesday, July 27th. The stock was bought at an average price of GBX 1,004 ($13.11) per share, with a total value of £14,859.20 ($19,395.90).
About easyJet plc
easyJet plc is a United Kingdom-based short-haul airline. The Company operates in the short-haul European aviation market. The Company operates through the route network segment. The Company operates approximately 600 routes across over 30 countries with its fleet consisting of approximately 200 Airbus aircraft.
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